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Ted Godbout

By Ted Godbout | 12/18/2017
House and Senate tax negotiators agreed on the final tax reform legislation Dec. 15, but they had to make some additional changes to pick up support from some wavering members. How did retirement plans fare?Significantly, the retirement plan issues created by proposed tax changes affecting pass-... READ MORE
By Ted Godbout | 12/18/2017
Bipartisan legislation has been reintroduced in Congress that seeks to encourage small businesses to offer retirement plans and make a variety of other changes to existing retirement law.Reps. Ron Kind (D-WI) and Dave Reichert (R-WA), both senior members of the House Ways & Means Committee,... READ MORE
By Ted Godbout | 12/15/2017
New survey results show that plan participants place the most value in matching contributions offered by their employer for their 401(k) plan, above other commonly known plan features.The Wells Fargo/Gallup Investor and Retirement Optimism Index finds that more than half (57%) of investor... READ MORE
By Ted Godbout | 12/14/2017
The Senate Health, Education, Labor and Pensions Committee voted Dec. 13 to approve the nomination of Preston Rutledge to be Assistant Secretary of Labor, Employee Benefits Security Administration.The focus now shifts to the Senate floor. A vote on Rutledge’s nomination by the full Senate has not... READ MORE
By Ted Godbout | 12/13/2017
When it comes to saving for retirement, do employees prefer a “slight nudge” from their employers with helping them save? Or do they want a “kick in the pants”?American Century Investments’ fifth annual National Survey of Defined Contribution Plan Participants asked that very question and found... READ MORE
By Ted Godbout | 12/13/2017
Bipartisan legislation that would allow for electronic delivery of pension and retirement plan information was introduced in the U.S. House of Representatives Dec 11.Introduced by Rep. Jared Polis (D-CO) and Rep. Phil Roe (R-TN), along with 26 cosponsors, the “Receiving Electronic Statements to... READ MORE
By Ted Godbout | 12/12/2017
Despite being wary of fragile market conditions, rising interest rates and the growing popularity of passive investments, new research shows that institutional investors plan to make only modest adjustments to allocation plans and have not resorted to wholesale shifts in portfolio strategy.To that... READ MORE
By Ted Godbout | 12/12/2017
As DC plans continue to grow in size and complexity, the retirement industry needs to keep up and redefine terms to better reflect the new environment, Willis Towers Watson says in a new report.Picking up where they left off with their 10 new definitions for DB plans, the firm’s new report... READ MORE
By Ted Godbout | 12/8/2017
Are the stereotypes commonly applied to Millennials — non-conformist, selfish, entitled, expect everything to be done for them, etc. — for real? A new report says no, at least with respect to their retirement savings and spending habits.According to the latest Merrill Edge® Report, Millennials’ “do... READ MORE
By Ted Godbout | 12/8/2017
House Ways & Means Committee Chairman Kevin Brady (R-TX) announced Dec. 8 that conferees from the House and Senate will hold an open meeting on Wednesday, Dec. 13 to begin the process of reconciling the two chambers' versions of tax reform legislation.Last week, the House and Senate both... READ MORE
By Ted Godbout | 12/7/2017
Americans rate the tax incentives for employer-sponsored retirement savings and health insurance coverage as the most important tax benefits compared to other popular deductions and incentives, according to new polling data.The polling data was released Nov. 30 by the American Benefits Council as... READ MORE
By Ted Godbout | 12/6/2017
New research suggests that participants prefer preserving their small-balance retirement savings accounts and respond favorably to consolidating their accounts through auto portability.A Boston Research Technologies report documenting the key findings from auto portability's market launch with a... READ MORE
By Ted Godbout | 12/6/2017
Demonstrating the ongoing growth in the use of automatic features, a new survey finds that a solid majority of plan sponsors have implemented automatic enrollment in their defined contribution plans.The Defined Contribution Institutional Investment Association’s (DCIIA) fourth biennial survey of... READ MORE
By Ted Godbout | 12/5/2017
New research examining the financial planning and investing habits of single women finds that many may need to take a more proactive approach to growing and protecting their finances.Fidelity Investments’ "Single Women & Money Study" finds that while nearly all (97%) single women believe it is... READ MORE
By Ted Godbout | 12/4/2017
UPDATED 12/6/17 at 10:30 a.m. ETAfter a long and sometimes heated debate, the Senate took a major step toward enactment of landmark tax reform legislation, approving its version of the Tax Cuts and Jobs Act (H.R. 1) at nearly 2:00 a.m. Saturday morning, Dec. 2.The bill, as amended by the Senate,... READ MORE
By Ted Godbout | 12/1/2017
Late Thursday, the Senate was nearing the end of debate on its tax reform legislation, but it appears the chamber must first address concerns about the federal budget deficit voiced by certain senators.The Senate began debating H.R. 1, the Tax Cuts and Jobs Act, on Wednesday, Nov. 29, after... READ MORE
By Ted Godbout | 12/1/2017
A key House Democrat introduced two bills on Dec. 1 that seek to implement automatic 401(k)s and simplify administration and improve retirement savings opportunities across the spectrum of plans, including both DB and DC plans.Rep. Richie Neal (MA), who has been a strong proponent for improving the... READ MORE
By Ted Godbout | 11/29/2017
Portfolio management is once again the top priority for financial advisors, according to the latest quarterly results from the Fidelity Advisor Investment Pulse survey.The survey’s third quarter 2017 results also show that concerns about risk volatility and the equity market level tied for the No.... READ MORE
By Ted Godbout | 11/29/2017
Nearly 10 years after the financial crisis, many Americans say it had no impact, yet many don’t trust the stock market and plan to work longer than anticipated, new research suggests.According to survey data released by Hartford Funds, 40% of respondents say the financial crisis had no impact on... READ MORE
By Ted Godbout | 11/28/2017
DC plan participants demonstrated an ongoing commitment to retirement saving during the first half of 2017, as the latest recordkeeper data show that most participants maintained their asset allocations and contribution levels.The Investment Company Institute’s (ICI) “Defined Contribution Plan... READ MORE

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